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	<title>Observer &#187; Bono’s Man Spends $3.25 M. on East Side Spread </title>
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		<title>Observer &#187; Bono’s Man Spends $3.25 M. on East Side Spread </title>
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		<title>Bono’s Man Spends $3.25 M. on East Side Spread</title>

		<comments>http://observer.com/2007/04/bonos-man-spends-325-m-on-east-side-spread/#comments</comments>
		<pubDate>Wed, 25 Apr 2007 01:26:47 -0400</pubDate>
					<link>http://observer.com/2007/04/bonos-man-spends-325-m-on-east-side-spread/</link>
			<dc:creator>Max Abelson</dc:creator>
				
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		<description><![CDATA[<p>  It may not be as grand as Bono’s I.M. Pei–designed duplex across the park, but U2’s longtime manager, <strong><span style="font-family: 'Exchange Text Bold'">Paul McGuinness</span></strong>, and his wife <strong><span style="font-family: 'Exchange Text Bold'">Kathy</span></strong> have bought a fifth-floor, six-room apartment at <strong><span style="font-family: 'Exchange Text Bold'">40 East 62nd</span></strong>.
<p class="text">They paid <strong><span style="font-family: 'Exchange Text Bold'">$3.25 million</span></strong>, according to city deeds, buying from<strong><span style="font-family: 'Exchange Text Bold'"> Michael</span></strong> and <strong><span style="font-family: 'Exchange Text Bold'">Jane</span></strong> <strong><span style="font-family: 'Exchange Text Bold'">DeFlorio</span></strong>. The contract was signed last year, closed in February, and was recorded in public records this month.</p>
<p class="text"><span style="letter-spacing: -0.15pt">The apartment’s living room and chandeliered dining room run side-by-side on East 62nd Street, “allowing for fabulous entertaining,” according to the </span><strong><span style="font-family: 'Exchange Text Bold';letter-spacing: -0.15pt">Brown Harris Stevens</span></strong><span style="letter-spacing: -0.15pt"> listing. The boys in the band will appreciate their manager’s wine refrigerator in his new kitchen.</span></p>
<p class="text">But whereas Bono’s apartment in the San Remo has 800-pound, 12-foot-tall nickel-and-bronze doors (“so precisely balanced that they can be opened and shut with a fingertip,” according to the journalist Steven Gaines), Mr. McGuinness’ main entertaining rooms are separated by mere French doors.</p>
<p class="text"><span style="letter-spacing: -0.1pt">As recompense, according to listing broker </span><strong><span style="font-family: 'Exchange Text Bold';letter-spacing: -0.1pt">Lisa Lippman</span></strong><span style="letter-spacing: -0.1pt">, the manager’s building is pre–World War I, so it has fancy-sounding antique details like “original mullioned windows.” Ms. Lippman declined to discuss the buyers or the sellers, though she mentioned that the apartment had been on and off the market for over a year, and that a race-car driver had been interested.</span></p>
<p class="text">“I think his wife liked to be in the Madison Avenue, good-shopping Upper East Side,” she said about the racer. As for Mr. McGuinness: He has reportedly kept houses in Dublin and London, plus a villa in the South of France.<span>    </span></p>
]]></description>
		<content:encoded><![CDATA[<p>  It may not be as grand as Bono’s I.M. Pei–designed duplex across the park, but U2’s longtime manager, <strong><span style="font-family: 'Exchange Text Bold'">Paul McGuinness</span></strong>, and his wife <strong><span style="font-family: 'Exchange Text Bold'">Kathy</span></strong> have bought a fifth-floor, six-room apartment at <strong><span style="font-family: 'Exchange Text Bold'">40 East 62nd</span></strong>.
<p class="text">They paid <strong><span style="font-family: 'Exchange Text Bold'">$3.25 million</span></strong>, according to city deeds, buying from<strong><span style="font-family: 'Exchange Text Bold'"> Michael</span></strong> and <strong><span style="font-family: 'Exchange Text Bold'">Jane</span></strong> <strong><span style="font-family: 'Exchange Text Bold'">DeFlorio</span></strong>. The contract was signed last year, closed in February, and was recorded in public records this month.</p>
<p class="text"><span style="letter-spacing: -0.15pt">The apartment’s living room and chandeliered dining room run side-by-side on East 62nd Street, “allowing for fabulous entertaining,” according to the </span><strong><span style="font-family: 'Exchange Text Bold';letter-spacing: -0.15pt">Brown Harris Stevens</span></strong><span style="letter-spacing: -0.15pt"> listing. The boys in the band will appreciate their manager’s wine refrigerator in his new kitchen.</span></p>
<p class="text">But whereas Bono’s apartment in the San Remo has 800-pound, 12-foot-tall nickel-and-bronze doors (“so precisely balanced that they can be opened and shut with a fingertip,” according to the journalist Steven Gaines), Mr. McGuinness’ main entertaining rooms are separated by mere French doors.</p>
<p class="text"><span style="letter-spacing: -0.1pt">As recompense, according to listing broker </span><strong><span style="font-family: 'Exchange Text Bold';letter-spacing: -0.1pt">Lisa Lippman</span></strong><span style="letter-spacing: -0.1pt">, the manager’s building is pre–World War I, so it has fancy-sounding antique details like “original mullioned windows.” Ms. Lippman declined to discuss the buyers or the sellers, though she mentioned that the apartment had been on and off the market for over a year, and that a race-car driver had been interested.</span></p>
<p class="text">“I think his wife liked to be in the Madison Avenue, good-shopping Upper East Side,” she said about the racer. As for Mr. McGuinness: He has reportedly kept houses in Dublin and London, plus a villa in the South of France.<span>    </span></p>
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